A Company That Uses the Periodic Inventory Method Provided the Following

question 53

Multiple Choice

A company that uses the periodic inventory method provided the following information:
1.Beginning inventory $3000
2.Purchases $140,000
3.Purchase discounts $2200
4.Purchase returns and allowances $1000
At the end of the period,the company does an inventory count and finds $16,000 worth of inventory on hand.
What is the amount of Cost of sales?

• A)$147,400
• B)$155,800
• C)$123,800
• D)$140,000

Analyze the effects of demand uncertainty on responsive strategies like postponement.

Calculate optimal inventory levels and understand their impact on profitability and service level.

Understand the implications of different supply sourcing strategies on supply chain flexibility and cost.

Recognize the benefits of quick response and tailored sourcing in supply chain management.

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Definitions:

Neural Impulses

The electrical signals that travel along neurons, enabling communication within the brain and between the brain and other parts of the body.

Theories of Perception

Various theories that attempt to explain how sensory information is organized, interpreted, and consciously experienced.

Basic Tastes

The set of taste sensations that includes sweet, sour, salty, bitter, and umami, each linked to specific receptors on the tongue.

Basilar Membrane

A key structure in the cochlea of the inner ear, responsible for converting sound vibrations into neural signals by moving in response to different frequencies.